Self-driving startup Drive.ai bought by Apple
According to a media report, Apple has bought self-driving startup Drive.ai. The report suggests that Drive.ai was on the verge of shutting down and was planning to lay off its 90 employees.
Drive.ai was founded by machine learning researchers from Stanford University in 2015. The company operates a ride-hailing service using modified autonomous Nissan NV200 vehicles fitted with LED screens on the outside to warn pedestrians and other motorists. The vehicles are allowed to run in a limited area in Arlington, Texas.
It is reported that Apple has bought the company's assets, including the autonomous cars. It is unclear if Drive.ai's employees will be absorbed by Apple or will be laid off. The acquisition is expected to help Apple's Project Titan, which aims to build an electric, autonomous car.
Source: The Verge Link to Team-BHP News